The best Jobs Credit analysis

The Kway Teow Man has posted, in my opinion, the best analysis of the Jobs Credit scheme. He is all for Jobs Credit (as I am), and he explains in a very easy to understand way why Jobs Credit is a viable scheme. It’s something extremely worth reading, although it is insanely long.

If you have already made up your mind that the Jobs Credit is a piece of thrash, then don’t bother reading because you won’t be able to appreciate the arguments. The PAP doesn’t get things right all the time, but the Jobs Credit Scheme is a pretty decent piece of policy in my opinion, and it doesn’t deserve the brickbats that have been hurled at it.

And if your instinct is to call me a PAP Youth member after reading this entry, please save your time. You are not the first, and you won’t be the last, and I don’t care. I don’t live in pigeon holes, unlike you.

Ho Ching is out of Temasek!

Wow, this is big news, despite the interestingly lukewarm writing from the State’s Times, I mean, Straits Times.

I’ve been wondering when the axe is going to fall because so many high profile CEOs all over the world have been chopped from their positions. I don’t believe Temasek is ever going to give a reason for Ho Ching’s departure, but I think performance is probably a big push factor.

I’m not about to give my 2 cents worth on how lousy Ho Ching’s performance has been because I am not qualified to. I don’t even manage a tiny minuscule of the money she manages. However, it is a fact that under her charge, Temasek has had a few high profile missteps, and I don’t think anyone in Singapore is immune from having to answer for missteps, especially big ones.

Perhaps there is one exception: the GIC chairman. :lol:

Sensible suggestion but was unfortunately shot down

I just read NCMP Sylvia Lim’s suggestion on providing temporary financial relief to those who have been retrenched but yet to find a new job.

The ‘Job Seeker Allowance’ proposal she has put forth is reasonable because of the proposed safeguards to prevent abuse. And, it comes at a fraction of the cost of the Jobs Credit Scheme. Too bad she got shot down by the PAP folks who probably don’t want her to gain any political points, even though it’s a reasonable solution.

Come on, PAP. Sylvia Lim is essentially suggesting aiding people who are trying to help themselves. What is there to disagree with? She’s not advocating giving free money to lazy bums. The PAP doesn’t want to develop a crutch mentality amongst Singaporeans, right? So what’s the problem with Sylvia Lim’s suggestion, other than the fact she’s from the Worker’s Party?

Is the gahmen going to regulate cyberspace now?

Lui Tuck Yew has made it clear that he’s disappointed with some of the callous online responses towards the burning of MP Seng Han Thong. He said this episode shows that it is ‘quite apparent the Internet is not an effective self-regulated regime as some may have touted it to be‘.

Ok, he has a point about those morons who actually gloated over the episode. If one is unhappy about something, there are civilised ways to resolve issues. However, I have absolutely no idea how he comes to the conclusion that the Internet is ineffective at self-regulation based on this issue. What exactly is his benchmark for ‘effective self-regulation’? A online lynch mob going after these morons?

Seriously, while the comments of some online idiots get publicity, the question is, how many of them are actually taken seriously? I think Singaporeans in general have enough brains to tell whether what they are reading was written by a nutcase. I think the folks in government should get the whole magic bullet assumption out of their head. It doesn’t mean if I read a few nutcases praising the attack on MP Seng I will also start praising the attack. It also doesn’t mean that if I don’t say anything, I am agreeing with these nutcases. It could well be that to me, these morons are not even worth my time to respond to them.

The bottomline is that in any democratic space, there are are all kinds of people with all kinds of ideas and opinions. There will always be people on the extremes but I don’t think these extremists will gain much traction with most people. Give them the chance to let off some steam. Sure, we can regulate and try and prevent such things from being said but this will merely drive the extremists underground and off the radar. That would be far more dangerous because they’ll only mix with their own ilk and who knows how much more radical these extremists will become.

I certainly don’t hope that the government doesn’t start deeming it necessary to intervene in the online space. :sad:

Ganging up on Low Thia Khiang

Poor WP MP Low Thia Kiang got verbally roughed up by six PAP MPs yesterday in a discussion on the new Job Credit scheme.

I sympathise with Low because I think he was unfairly attacked. However, Low seemed to have set himself up for attack by being so skeptical of the Job Credit scheme. I think he could have at least given the scheme some due credit. The scheme WILL work for some companies.

I think problem with Low’s argument is that he was not comparing apples with apples. It seems to me the Job Credit scheme was never designed to save jobs for companies that are on the verge of collapse. The scheme is meant to help sound companies lower their costs so that they can continue operating even when demand has dropped significantly. Of course, such sound companies are, in Low’s jargon, already ‘profitable companies’ that doesn’t need help.

Instead of attacking the Job Credit scheme, Low could have proposed something else to help companies that are in dire straits. That would have been more constructive and prevented the PAP MPs from hounding him like a pack of wolves. However, with the Job Credit scheme, I think the government has already made up its mind on which companies are worth helping. These companies are those with the ability to weather the storm.

It is hard to fault the logic on the government because it doesn’t quite make sense to put unsound companies on life support when the same amount of resources could be put to better use with a sound company. The problem is, should the government make decisions on which company to help based on such cold, hard logic? The people who are employed in unsound companies are clearly no less worthy of help than people who are employed in sound companies.

It’s a tough choice to make. Logically speaking, I agree with the approach the government has taken but I think the government could also offer plans to help workers in unsound companies who are in danger of retrenchment. For example, the Job Credit scheme can be extended to sound companies that are willing to take over workers from unsound companies. The notion of saving jobs should not be restricted to jobs currently in a company.

Ultimately, this global recession is nasty business and there really isn’t a perfect solution. For now, I think the current Budget is sufficiently good. We don’t know the actual effects of the proposals until they have been executed so I prefer to wait and see. I do hope that the government will have off-Budget measures to plug any gaps if such gaps surface later.

Need help? Just ask. But ask who?

The title of this entry is a play on the Straits Times article headlined ‘Need help? Just ask.‘, which was published today.

The article was mainly about how help is available for Singaporeans in dire straits, but somehow, the take-up rate of the available assistance schemes are not very high. The Minister of State for Community Development and Sports, Yu-Foo Yee Shoon, attributes it to Singaporeans having an issue with dignity, or in local parlance, ‘loss of face’.

I completely disagree with her attribution. I think the problem is that people don’t know where to get help, especially those who are more elderly or less educated. The Straits Times story profiled someone in a desperate situation who benefited from seeking aid from the government, and that person only got to know about aid being available by chatting with neighbours. It’s not as if this person didn’t want to ask; he didn’t know where to go until someone told him.

My suggestion for MCYS would be to step up efforts in publicity. How many people know of the existence of Comcare Call, a toll-free number (1800 222 0000) by MCYS for anyone who needs help but don’t know where to go to? I didn’t, not until I did some research prior to writing this piece. However, I do know the existence of a hotline to call for gambling addiction. The National Council on Problem Gambling clearly does a much better job at publicising its hotline compared to MCYS.

I think MCYS should consider increasing the gear on publicity of it’s Comcare helpline programmes. Media advertising is not cheap, but I do not think that media companies are unreasonable when it comes to public service announcements. And, the media message must also encourage people to pass on the toll-free number to neighbours or people who might need help. Some of the poorer folks might not even be able to afford a radio and some are illiterate, lowering the effectiveness of the mass media as a tool to reach out to people.

If the MCYS had put in substantial efforts to reach out to people, perhaps Yu-Foo is correct in saying that Singaporeans have an issue with dignity and seeking help. Right now, I don’t think her assessment is correct and she should direct her ministry towards greater publicity efforts.

Why worry about setting a precedent to tap on reserves?

It seems that there are some people who are quite concerned that the government is setting a precedent (and it seems to be a negative precedent) by signaling its intention of dipping into the reserves during this year’s Budget announcement. I don’t see what is there to worry about. Maybe a little story will illustrate my thoughts better.

Once upon a time, there lived a rich old man. He had a poor and difficult childhood but through a combination of persistence, hard work, shrewd actions and a dose good luck, he managed to build up a business empire and became a billionaire.

Even though he was extremely rich, he kept all his riches in bank vaults. He was so afraid that once he started spending his riches, he will not be able to stop. One day, he had a heart attack and died. As he looked down from the heavens, he realised that he had been a stupid man his entire life. Even though he had accumulated so much money, it is all sitting in the bank vaults and he can’t bring them along with him to heaven.

The moral of the story is that it is seriously stupid to hoard money for the sake of hoarding it. This doesn’t mean one should be a free-wheeling spender, though. Rather, if the situation calls for savings to be spent, then it should be spent. The number of zeroes in the bank account book is meaningless unless the money is actually used to do something.

I think the government is correct to signal that it’s prepared to use the reserves to help Singapore weather the storm if the need arises. This is not an issue of whether it’s a good precedent or bad precedent. It’s an issue of whether the money will be well-spent, and I think it is justifiable to tap on the reserves in a global recession if the need arises.

Not a budget Budget

The measures in Budget 2009 that was unveiled yesterday to help Singaporeans weather the global recession were pretty good. I think the government has gotten most things right with this Budget, although it’s a pretty expensive budget.

My top personal concerns in this recession are education and healthcare, and both have been addressed, at least this year. It might be curious to some that jobs didn’t make it to the top of my list of concerns but my perspective is that even in a recession, there are still jobs available and the question is whether people are willing to do these jobs, which are probably going to be contract or short term jobs with a lower salary.

This recession is not the end of the world; it’s an economic cycle. I believe what comes down will eventually go back up. Sure, it’s important to mitigate the pain during a recession but I think what’s more important is to prepare ourselves adequately so that we can ride the upswing quickly when it comes back. If people are losing jobs now, why not put them back in schools and gear them up to take advantage of the opportunities that will surely come by later on?

As for healthcare, I think it’s even more important than basic necessities. Even if you lose your job, you can apply for assistance to take care of food and other basic needs. There are many ways to stretch the dollar to pay for daily necessities. However, there’s no way to stretch the dollar for medical bills. Medical bills can be extremely expensive and people definitely need help during lean times, unless one is hard-hearted enough to let people who cannot afford to pay medical bills die.

And, I’ll have to applaud the Job Credit plan. The U.S. government wants to pay employers to hire workers and this can be easily exploited by firing and re-hiring workers. Paying companies to retain workers is a more sensible idea that’s less susceptible to exploitation. The cap at $2,500 means that those in the PMET category are going to be left out but hey, there’s always the option of going back to school. Of course, this might not be easy for someone with a family to feed and a mortgage to pay off but in lean times, I think all of us don’t have a choice and we have to find our own way to cope.

The defense budget has also increased quite substantially. Well, I’m not going to quibble about that because lean times in a rough neighbourhood isn’t exactly a good thing for us. I just hope the money will be well spent to secure our home.

Ultimately, this so called ‘Resilience Package’ isn’t going to get us out of the hole. What it is doing is to try to ensure that we survive as we wait out the storm. At the same time, we’re building our ships and getting ready to launch once the storm passes. It’s a pretty sensible approach and I hope this approach will continue until the storm is over.

And, I’m grateful the Singapore government isn’t meddling too much in the markets. The Finance Minister has made it clear that the government will only help sound firms ride through the crisis. For a good read on why the government should not meddle too much, the KTM has a great entry on the topic (which I only found out recently).

What does it mean to be a blogger?

I’ve been following cyberspace chatter about the newly minted Association of Bloggers Singapore (ABS) with great interest. The poor founding folks appears to be bashed left right up down centre by quite a few local bloggers. I think the negative responses to the organisation is not exactly opposition to the idea of an association but a case of differing assumptions of what it means to be a blogger.

To some people, blogs are like the internet version of a diary. These people view blogs as something personal and private (I think nothing on the internet is private, though) and therefore, there is no necessity for bloggers to get together to form an organization. If one holds such an assumption about blogs, forming a bloggers’ association is probably an idea as absurd as an association for people who pen paper diaries, although I contend that if there are enough people who are interested to do that, why not? As long as enough people want to come together to form an organization around a common interest, they should be allowed to without ridicule, regardless of how _______ (insert a negative adjective) the common interest might appear to others. I believe there is no absolute definition of what constitutes something as being a/an _______ (insert a negative adjective) notion.

For others, blogs are not private diaries but publications meant for public consumption. That being the case, it would make sense for people to want to come together to form an association. I have not had the chance to speak with the founding members of the ABS but from what I’ve read, the motivations for the association include self-regulation and possibly legal representation. Taken from this perspective, a bloggers’ association is not much different from a writers’ association. Self-regulation and legal representation are things that people who blog for public consumption would care about because of professionalism and litigation issues.

At the end of the day, at least for me, all the arguments primarily centre on the identity of a blogger. Is a blogger the online version of a person who writes a personal diary, or is a blogger no different from an author/journalist/columnist/writer who writes for public consumption? Depending on your assumption about what it means to be a blogger, you will either agree with or disagree with the need for having a bloggers’ association.

Personally, I think the association is a great idea per se, but somehow, the association has unfortunately started out on the wrong foot because of, again, assumptions. According to Eastcoastlife’s blog entry,

Singaporean bloggers were like loose sand, they were not united. They were easily manipulated and even banned for standing up against the foreign tyrant from self-proclaimed ‘community meta weblog for Singapore bloggers’. Small bloggers are just too isolated to be able to fight for their rights.

I don’t think anyone can say with confidence that the blogosphere is a homogenous entity. As an example, I am a very different type of blogger compared to Xiaxue or even Eastcoastlife herself. Bloggers are not homogenous grains of sand. I think bloggers are more like different types of fruits or species of animals. Also, it seems to be that there’s an implied assumption that being ‘not united’ is undesirable and the association is meant to ‘unite’ bloggers. I have to take issue with this implied assumption as well. The parts about being manipulated for standing up against ‘the foreign tyrant’ is frankly too much of a stretch. Finally, who constitutes a ’small blogger’ and how do we know if these ’small bloggers’ are ‘too isolated’ to fight for their rights? There is a whole boatload of assumptions about Singaporean bloggers and the blogosphere that are, in all honesty, unsubstantiated.

I think the ABS cannot (and for that matter, will never) be able to speak on behalf of the entire local blogging community. The most the ABS can be is an authority on issues related to blogging in Singapore but it cannot be a representative, unless each and every Singaporean blogger is willing to be a member. Bloggers are not medical doctors or lawyers. You don’t need a license to blog. Therefore, the ABS cannot function like the Singapore Medical Association or the Law Society.

So, what can the ABS do? In my opinion, ABS can perhaps to come up with a code of ethics or conduct to promote responsible blogging. Of course, the idea of what constitutes responsible blogging is a contentious one but I’m not going to go there. I think if the ABS eventually gets enough members, they can take the lead in advancing greater civility (I think the world can always do with more civility) and freedom of expression in the online space. The ABS is in a good position to take the lead in encouraging responsible blogging, starting with its own members.

Also, I do hope for the ABS to consider tiered membership with a tier not requiring membership fees. The reality is that not everyone can pay for membership, and if the ABS wants to be an authoritative voice in the local blogosphere, it needs clout and high membership fees will make the ABS an exclusive club with little teeth. At the very least, the ABS should have at least two types of memberships, namely ordinary and associate. Associate membership can be free of charge but of course, being free means that certain rights will have to be withdrawn, especially the right to vote.

It’s been a long while since I’ve typed such a long entry and I think I’m going to stop here. I think the idea of a bloggers’ association isn’t necessarily a bad one but I think there’s a bitter taste in the mouth now because of the way the association has pitched itself and how different people are having different assumptions about the identity of a blogger and the role of the association. I would give the association some time to develop before I decide whether it’s something that gets my stamp of approval but right now, to those who are quick to criticise the ABS, please hold your horses and don’t throw out the baby with the bathwater.

Singapore, Boston and NYC public trains matchup

For almost all of my travel in the United States last month, I was mainly using public transport (that’s because I was mainly in cities). I had the opportunity to ride the New York subway, operated by the Metropolitan Transport Authority (MTA) and the Boston T, operated by the Massachusetts Bay Transport Authority (MBTA). So, how does the train system stack up when compared to Singapore’s SMRT and SBS Transit?

For starters, let’s deal with the most sensitive topic of price. Both the MTA and the MBTA operate on a single fare system. It doesn’t matter how many stops you ride; the price is the same. The New York subway’s ride is USD$2 per trip using the Metrocard, while the Boston T ride is USD$1.70 per ride using the Charlie card (it’s 2 bucks if you pay cash). There are pros and cons of a single fare system. I think the biggest advantage is that you always know how much you are going to pay if you choose to take the train. The bad thing is that if you are riding only for a couple of stops, it can feel like a rip-off.

However, the good thing is that both the New York subway and the Boston T offers the unlimited ride option. For a certain price every month, you can take as many rides as you wish on the train. That will take the pain off having to pay a fixed fare for only a few stops for the frequent rider. The MTA charges USD$81 for the monthly pass, while the MBTA charges USD$59. In Singapore, you get only unlimited rides if you are a student or a full time NSman. It would be nice to have an unlimited pass in Singapore but I suspect that will result in adding an extra sardine into a can already full of sardines, especially during peak hours.

Singapore wins hands down on the cleanliness and general comfort in the trains. The trains in Singapore are extremely spacious and clean compared to both the New York subway and the Boston T. Even the design of the train station is superior. In New York and Boston, for many stations, you better make sure you know which direction you are heading and enter the fare gantries on the correct side because you cannot get to the other side once you are past the fare gantry (unless you have a death wish and decide to try your luck running across the track).

However, in terms of design, there’s something about the New York subway that stands out, and that is the availability of express trains. These trains run on different tracks and they don’t stop at every stop. This means if you are traveling long distances, you can hop on an express train and get off at the nearest express train stop to your destination to hop onto a regular train. This is a real time saver that I wish the Singapore train system has. I’m sure more people will be keen to take the MRT if there’s an express train service to cut traveling time by up to 50%. Unfortunately, I don’t think this is possible because of the way the train tracks are laid out in Singapore.

Overall, despite its faults, I would rate Singapore’s train system above that of New York and Boston. Although we don’t have the unlimited fare option, I think the general cleanliness and spacious design of our trains more than make up for it. But, don’t take my word for it. If you get the chance, go try out the New York subway and the Boston T.